Monday, April 28, 2008

Scott Cook began his career at Procter & Gamble as a product manager and later a consultant at Bain & Company. In 1983, he founded Intuit after hearing his wife complain about paying the household bills. Scott leveraged the power of emerging PC technology to help ease the burdens of personal finance and has since created a company worth over $9 billion.

While most software companies have difficulty getting just one product right, Intuit has managed to produce a string of successes through great product-market fit. Intuit is now a market dominator in several product categories. Intuit’s Quicken personal finance software holds 70% market share, while QuickBooks, the accounting software for small businesses has an 87% share. Meanwhile, TurboTax, the company’s tax preparation software holds over 80% share and recently set new sales records.

Scott has been a director of Intuit since its founding and is currently Chairman of the Executive Committee of the Board. He also serves on the boards of directors of eBay and Procter & Gamble.

1 comment:

WicketkeeperBatsman
said...

Scott's interview is fantastic. It is great to see someone who's been so successful be so refreshingly honest and modest. He doesn't pretend like they had the greatest idea since sliced bread but talks about both perseverance and luck. Great job. Enjoyed it.